Stop The Madness, Bitcoin Not Hurting Gold - Frank Holmes

Gold may have more than another $100 to rise, said Frank Holmes, CEO of U.S. Global Investors.“Rates can rise,” Holmes told Kitco News on the sidelines of the Vancouver Resource Investment Conference, “I really think that the CPI numbers are understated because of the factors they use for their model.” Holmes said that using the model for CPI used in the 1990s and applying today’s macroeconomic variables into that older equation, U.S. inflation should be 8%. “That means that government yields are very, very negative,” Holmes added.Speaking on cryptocurrencies, Holmes said that bitcoin did not hurt gold.“I do not believe that,” Holmes said, “that’s just a weak argument for people that have a conspiracy.” (show less)

Gold may have more than another $100 to rise, said Frank Holmes, CEO of U.S. Global Investors.“Rates can rise,” Holmes told Kitco News on the sidelines of the Vancouver Resource Investment Conference, “I really think that the CPI numbers are understated because of the factors they use for their model.” Holmes said that using the model for CPI used in the 1990s and applying today’s macroeconomic variables into that older equation, U.S. inflation should be 8%. “That ... (read more)

Daniela Cambone

Daniela Cambone

Editor-in-Chief

Biography
With over a decade of international experience, Daniela Cambone covers prominent industry events and interviews a number of leading analysts, financiers and political leaders for Kitco News. She began her career covering the Canadian financial and insurance industry and later worked in Europe covering the political and financial scene for the International television station, Press TV. Daniela holds a BA in Broadcast Journalism and an MA in Journalism & Communications.

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